As we turn the corner to July, penny stocks are heating up. This is marked by both higher than average volume, and relatively large gains seen across the board. While some investors were worried after the past two months or so of relatively sideways trading, the past week has been more or so comforting. Considering this, there are hundreds of penny stocks to watch right now. But, understanding how to find the most value can be a challenge.
So, doing as much research as possible and understanding what moves are being made, can help to make you a profitable trader. Right now, the impact of Reddit and Twitter is massive on small-caps. That means that investors need to stay up to date on all the latest events in the stock market and on social media. With all of this in mind, are these seven penny stocks worth watching next month?7 Penny Stocks to Watch Next Month
- Genius Brands International Inc. (NASDAQ: GNUS)
- Ayro Inc. (NASDAQ: AYRO)
- Universal Power Industry Corp. (OTC: UPIN)
- Ebang International Holdings Inc. (NASDAQ: EBON)
- Evofem Biosciences Inc. (NASDAQ: EVFM)
- Marin Software Inc. (NASDAQ: MRIN)
- Senseonics Holdings Inc. (NYSE: SENS)
Genius Brands International Inc. is an entertainment penny stock that we have frequently mentioned due to its consistent advancements. This company is focused on content and brand management as well as the creation and licensing of content. Its content is generally aimed at the youth market such as the ages of 2-12. It has many active series that continue to promote its viewership every week.
On June 8th, the company announced that it will join the Russell 3000 Index after the conclusion of the 2021 Russell indexes annual reconstitution. This will be active when the market opens on June 28th, 2021. One month ago, GNUS stock was around $1.55 per share and it has now reached nearly $2 per share as of June 23rd.
“We’re pleased to be included in the Russell 3000 and Russell 2000 Indexes, as we believe this reflects the dramatic growth we have experienced over the past year.
In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”The CEO of Genius Brands
So considering this, will GNUS make your penny stock watchlist after noting the above information?Ayro Inc. (NASDAQ: AYRO)
The market for electric vehicle stocks like Ayro Inc. has grown substantially in the last year and a half. Ayro is a company that designs and manufactures light-duty emissions-free electric vehicles. These vehicles are used for community transport, local delivery, closed campus mobility, government use, among many more uses.
It’s AYRO 311 3-wheeled vehicle is for professional and personal use. Additionally, its Club Car 411 product is for low-speed logistics and cargo services on campuses. While many investors focus on EV vehicles for consumers, few consider the massive market for transport and industrial use. This is where Ayro comes in.
On June 8th the newest big update came from Ayro Inc. It announced that it had received $2 million in a purchase order for its new Club Car Current EV following its launch. This vehicle will be launched in 2022, and in the meantime, could be a breakthrough for the EV industry.
“Club Car has been a strong partner for getting our light-duty, low-speed EVs to customers that need them, and this purchase order is a great example of our successful collaboration.
The Club Car Current navigates campuses and narrow urban streets seamlessly while also carrying significant loads for meeting last-mile distribution challenges—this is something most other EV’s are not designed to handle.”The CEO of AYRO Rod Keller
On June 23rd, AYRO stock price increased by about 5%. Whether this makes AYRO stock worth watching is up to you.Universal Power Industry Corporation (OTC: UPIN)
Next up on this penny stock watchlist is Universal Power Industry Corporation. This company develops certified offshore programmers’ databases. Its database is currently used to locate and refer qualified programmers to respective industries. Additionally, it provides programming services to offshore vessels, which has become a sizable industry in the past few years.
There is no current company-specific news that is causing the price of UPIN stock to increase in the market right now. What we do know is that the growth of this penny stock is undeniable. At the start of 2021, UPIN stock was at $0.04 per share on average. Now as of June 23rd, UPIN stock price has reached past $0.25 per share on average. This becomes more impressive when you consider that a lot of this momentum started just one month ago.
One thing to keep in mind is that UPIN is an OTC listed stock and a highly volatile one at that. So, if you’re comfortable with large price fluctuations, it could be worth watching. But if not, it may be best to avoid UPIN stock. On June 23rd, UPIN stock opened at $0.2250 per share and closed at $0.2582 per share. This 9.29% increase in stock price is likely to continue increasing the popularity of UPIN moving forward. While it is highly volatile, it could be worth keeping an eye on.Ebang International Holdings Inc. (NASDAQ: EBON)
Ebang International Holdings Inc. is a tech penny stock that researches, designs, and develops app-specific integrated circuit chips. The company also manufactures Bitcoin mining machines in China, the U.S., and Hong Kong. As you may have heard, the crypto market is seeing a great deal of volatility right now.
Following Bitcoin dipping below $30,000 for the first time in months, we are now seeing many leading cryptocurrencies push up in value. While some newcomers to crypto may be scared about the recent Bitcoin price action, those who have invested for a long time know that this is par for the course.
Ebang also provides mining machine hosting services that give customers the ability to operate machines remotely as well as perform basic maintenance operations. Additionally, it sells fiber optical telecommunication products, and much more. Given that the circuit chip market is in a vast supply shortage with major demand, many investors are focused on companies like EBON right now.
Following a day of negatives on June 22nd when EBON stock took a large dip, things are turning around for the tech penny stock. EBON stock opened high on June 23rd at $3.20 per share and eventually went down to $3.10 per share by the end of the day. Just one month ago, EBON stock was at about $2.50 per share on average. This Bitcoin mining machine maker has grown vastly in the last month and with the bulls coming into crypto right now, it could be worth keeping an eye on.Evofem Biosciences Inc. (NASDAQ: EVFM)
Evofem Biosciences Inc. is a biotech penny stock developing and commercializing products for unmet needs in women’s sexual and reproductive health. Its current commercial product is Phexxi, which is a contraceptive gel. It also has anti-STD developments in the works, such as EVO100 which is an antimicrobial gel for preventing urogenital transmission of Chlamydia.
This company’s latest updates surround its presentations at several industry-leading conferences. It recently presented at the Jefferies Virtual Healthcare Conference 2021 and the LD Micro Invitational XI. Additionally, Evofem closed a $50 million public offering in mid-May that should give it ample funding into the near future and beyond.
The net proceeds from the public offering will be in use for the continuation of full commercialization activities related to Phexxi. Additionally, this funding will go toward advertising, continuing clinical trials, and more. EVFM stock was at $0.81 per share one month ago. Now on June 23rd, EVFM stock is at $1.19 per share on average. With this in mind, is EVFM stock worth keeping an eye on or not?Marin Software Inc. (NASDAQ: MRIN)
MRIN stock is one of the largest gainers of the day, pushing up by as much as 54% by midday. While many large gains like this occur without news, MRIN made headlines today surrounding a new integration with its flagship MarinOne platform. Before we get into this, let’s talk about what Marin Software does. Marin Software is a company that offers advertising services for paid marketing programs. It integrates a SaaS advertising manager for paid search, social, and eCommerce purposes worldwide.
Today, it announced the integration of Instacart Ads to its MarinOne platform. Instacart is widely regarded as being the largest online grocery platform in North America and delivers from over 55,000 stores across the U.S. and Canada.
“As the leading online grocery platform in North America, Instacart is a must-have part of digital marketing strategies. We are delighted to give advertisers on Instacart the power of MarinOne to maximize return on their investment.”Chris Lien, CEO of Marin
Considering this big news, will MRIN be on your penny stocks watchlist moving forward?Senseonics Holdings Inc. (NYSE: SENS)
SENS stock is another penny stock that we’ve covered plenty of times in the past few months. For those unfamiliar, Senseonics is a producer of diabetes-related products such as insulin monitors and more.
While this is a growing market and is a valuable part of SENS’s business, many believe that its recent price movements are due to its status as a meme stock. This is a category of stocks that rise and fall based on social media sentiment. When a stock is highly discussed on Reddit or Twitter, for example, many traders will jump on to try and get a piece of the action.
This results in the underlying stock trending heavily. In the past month, shares of SENS have shot up by over 80% and in the past six months by over 298%. This is a substantial gain and is again, reflective of both SENS products and its status as a trending penny stock. While this does make it more or less volatile, it could make it a penny stock to watch. With that in mind, what do you think? Is it worth keeping an eye on or not?Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to watch is all about understanding what makes them move. Right now this includes social media, the pandemic, cryptocurrency, and more.
[Read More] Best Penny Stocks To Buy Now? 7 To Watch This Week
Because there are so many factors to consider, it can at times seem difficult to keep up. Regardless, staying up to date with the news and all the latest market events will help to put you in the loop. With this in mind, which penny stocks are you watching right now?